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Judd Trump is in contention to win his first world title (Picture: Getty Images)

There has always been good money to be earned for the planet’s best snooker players, but never before have they been able to win so much cash in one tournament that the 2018 World Snooker Championship.

Sheffield’s Crucible Theatre is the venue for the World Championship, as it has been since 1977, when John Spencer left South Yorkshire with £6,000 for winning the tournament.

Things have moved on a bit from then with the top players now millionaires, and the first round losers getting more than the champion did 41 years ago.

So how much is on offer at the Crucible this year?

Ding Junhui has a great chance of victory at the Crucible this year (Photo by Naomi Baker/Getty Images)

The winner of the World Snooker Championship 2018 will trouser £425,000 for his efforts.

This is up £50,000 from last year when Mark Selby banked £375,000 for beating John Higgins in the final.

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The World Championship final is always a high-pressure affair, but this year it even more so with an enormous disparity in prize money for champion and runner-up.

The beaten finalist in 2018 will get £180,000. A full £245,000 less than the man who just beat him, which would be tough to swallow.

Ronnie O’Sullivan won’t be pocketing the top prize this year (Picture: Getty Images)

First round losers will leave Sheffield disappointed not to have won a game, but they will be £18,000 better off for their troubles, winning three times as much as Spencer did in 1977.

The high break prize is also well worth winning these days, with £10,000 on the line and £40,000 for anyone making a maximum 147.

World Snooker Championship 2018 prize money

Winner: £425,000

Runner-up: £180,000

Semifinal: £85,000

Quarterfinal: £42,500

Last 16: £27,500

Last 32: £18,000

Last 48: £13,500

Last 80: £9,000

Televised highest break: £10,000

Non-televised highest break: £1,000

Total: £1,968,000

What are the odds? (Courtesy of Betfair)

Ding Junhui 5/2

John Higgins 7/2

Judd Trump 9/2

Mark Williams 7/1

Mark Allen 8/1

Barry Hawkins 10/1

Kyren Wilson 12/1

Ali Carter 14/1

Robert Milkins 400/1

Odds before completion of Mark Williams vs Robert Milkins second round match.

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